Mar 18, 2013 9:00am EDT
be strengthened and they go to a second election now and they'll have a much better chance of really cornering the market because the anti-austerity crowd says they're seizing our deposits as well. we know the european think bahhing union and remember this idea and they'll all get together and put the banks under the ecb roof. you know who one of the tenants is the european wide depository scheme to guarantee deposits and what's going on happen when that happens? you see what happened? cyprus, how do you know you won't do anything with everything everybody, and this makes banking union more difficult. what does it mean for stocks right now? folks, we had a 3% correction at the end of it. and that was on italy and it's going to be a very, very minor event and if you can't, you've got problems. the big of the thing, guys, 10% increase in the s&p and now 8.5% increase in the s&p hedge funds are only up 4.9%. so do you guy get guys taking profits or some guys saying now it's time to buy on the dip. this can go either way and it is very important in the next 24 hours. back to you. >> i have to tell
Mar 25, 2013 9:00am EDT
picture in europe where the italian tenure is now below where it was before those italian elections and a mixed picture in asia this morning. the nikkei up about 1.5%. the road map begin with the eurozone that did not collapse over the weekend so naturally the s&p is expected to bust through the all-time closing high and what's next for cyprus' hobbled economy. it has received two competing offers from carl icahn and blackstone is the initial $24 billion offer from silver lake in jeopardy. saying the blackberry 10 launch has been tepid in their words and it sees only a 20% share of success. >> and dollar general beats handily as the retailer continues to steal market share, but are rising inventories a reason for concern. >> we begin with the markets as the s&p 500 stands within nine points of the all-time closing high after the eu finance minister was struck over the weekend and it was the second largest bank and inflicts heavy losses on deposits with more than 100,000 euros. cyprus will receive $13 billion in financing, but guys, the conversation is already beginning from what's t
Mar 19, 2013 9:00am EDT
to china as you see there with president zi gin ping and the newly elected president of china. government officials telling us the meeting lasted about 45 minutes and it was a warm and wide-ranging discussion as they say in the official readout given to reporters. secretary lew we are told raised several issues including the exchange rate, intellectual property, cyber security and north korea. other than that, we don't yet have a whole lot of information about this meeting which took place overnight east coast time in china yesterday. the key here, warm and wide ranging discussion, guys. this readout is given to us in diplo speak. if they say anything other than a warm and wide-ranging discussion then you think there might be trouble in the horizon and the meeting went well and that's what we know as of right now. >> eamon, thank you very much. >> you bet. >> closer to home, lululemon is down nearly 12% in the past three sessions posting its worst three-day loss since the beginning of august. as you may be aware by now, lululemon is recalling black yoga pants that were unintentionally see
Mar 20, 2013 9:00am EDT
your convictions? >> we initially put the number out in october as we were going through the election and fiscal cliff. we kind of entered into this period of blue skies in a lot of ways. a enyou know, we are not a quarter sbo the year and we think the the earnings estimate is conservative and we think the odds are that target should come up as we move ahead. >> we look forward to you publishing that. well -- >> peter, are you also in the blue skies category? >> well, i'm not sure about blue skies. i do think from a technical perspective things look pretty good. that is not to say i would rush out and buy the s&p 500. i do think it's a stock picker's market. plenty of stocks are trading at reasonable p.e.s. that's what people have to focus on. if you look at inflation adjust ed levels, they're really not at an all time high. maybe the s&p 500 will be up conservatively 10% this year. i want to put a conservative focus on that. i feel much more optimistic this time than last time. >> let me get to the nuances behind what you're kbpting for the markets. it sounds like you're optimistic.
Mar 21, 2013 9:00am EDT
, the first place he went to when he was re-elected was twitter, you know, posting a picture of himself and his wife. i think that's -- that's amazing, that's huge. >> right. drew, we're going to leave it there. thanks for joining us. >> thanks for having me. >> and we'll be right back. this is cn cnbhursday morning. stay with us. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ [ engine revs ] (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to.
Mar 22, 2013 9:00am EDT
there are fresh elections and there may be movement on this over the weekend particularly if he can do a deal with berlusconi. in the meantime we have breaking news. >> it's not breaking news. reuters is sending it to session highs above 130 against the u.s. dollar. reuters is quoting, and i want to be very careful with this, but reuters is quoting the deputy leader of the island's ruling democrat party ruling that a solution to cyprus's bailout crisis could be within houris. >> want to explain what is happening here. essentially they didn't get a deal from russia so they're being forced back to the european union. the stuff you see michelle talking about is all an attempt to do a deal a, that will get through parliament and secondly, that the rest of europe will agree to to a, give them $10 billion to prop up the banks and secondly that there would be enough there on some sort of giveback from the private sector and be that on the levy on the banks that we've spoken about so many times. >> we had crossed above the 130 mark against the dollar and we are close to session highs in the u.s. this